Xiaomi has finally unveiled its next flagship phone at a press event this morning, and from the design alone, it would be easy to confuse the device with a Galaxy S7. The seamless glass front surface features a pill-shaped home button, a solid metal frame with sculpted edges, and even the glass back which curves towards the edges. But don’t let that copycat form factor put you off. With a starting price of around $306 USD (¥1999), this smartphone packs in an incredible array of high-end features…

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Xiaomi has already confirmed that it will reveal its next flagship smartphone, the Mi 5, at a media event in Barcelona during MWC next month. While we know when the phone will be launched, and that it will be equipped with a Snapdragon 820 processor, little else is close to confirmed. Even the design has been something of a mystery since all we’ve seen so far is a couple of sketchy leaks and a supposed render.

Today, further evidence has risen suggesting the earlier render was accurate. Images posted by well-known leaker Steve Hemmerstoffer show what appears to be a warehouse with multiple empty white boxes stacked on a pallet, seemingly ready for shipment to assembly lines.

The boxes themselves show a device almost identical to the previous renders, and shows them in four different fashionable colors: gold, pink, white and black.

Design-wise, the devices look very much like a Galaxy S6 with its rounded metal frame plus the glass front and back panels. The glass curves towards the edges on the back, similar to the design of the Note 5. As a reminder, these are the earlier leaks which claimed to show the Mi 5’s form factor previously:

While the company has been expectedly vague with any details regarding the Mi 5, we are expecting a device with specs to match most of the top flagship phones for 2016. The SD820-powered device is rumored to feature a Quad HD display, as well as an advanced f/2.2 aperture 16MP camera with 4K video recording. If it’s anything like previous Xiaomi devices, it will cost considerably less than the Galaxy S7, which Samsung is allegedly planning to launch during the first quarter of this year.

A few days ago, Xiaomi’s global VP Hugo Barra confirmed on Twitter that the company would be releasing the next eagerly-anticipated smartphone on February 24. Just a few hours ago, Barra took to Facebook to announce that a media preview for the Xiaomi Mi 5 will take place in Barcelona during MWC while the launch event takes place in Beijing…

Following weeks of speculation and leaks, Xiaomi’s global VP, Hugo Barra has confirmed on Twitter that the Mi 5 will launch on February 24. Having already revealed that the Mi 5 will be powered by a Snapdragon 820 processor, it’s clear this device is going to be the company’s flagship smartphone of 2016.

Apart from the processor, we know little about the Mi 5 with certainty. One website’s placeholder suggested the device will ship with specs that should compete head-to-head with the Galaxy S7, although it will undoubtedly be cheaper than Samsung’s next flagship smartphone. The Mi 5 listing claimed the smartphone will have a 5.2-inch Quad HD display coated in 2.5D Corning Gorilla Glass 4. It also suggested the phone will have a 6-element 16MP camera on the back with f/2.2 aperture and 4K video recording.

Xiaomi is well known for releasing powerful smartphones at competitive prices. The big question for 2016 is whether or not it will launch its upcoming devices in the US and other established western markets. Its biggest competitor, Huawei, made huge strides internationally last year, and will surely extend its lead over Xiaomi if the Mi-makers don’t respond aggressively.